Question
Accumulated depreciation $700, Beginning inventory $5,000, Common Stock $50, Retained earnings $900, Ending inventory $1,700, Operating expenses $1,450, Purchaes $3,900, Sales $9,500, Dividends $1,600 What
Accumulated depreciation $700, Beginning inventory $5,000, Common Stock $50, Retained earnings $900, Ending inventory $1,700, Operating expenses $1,450, Purchaes $3,900, Sales $9,500, Dividends $1,600
What is the gross profit, goods available for sales, and cost of goods sold
Hint: Not all information may be necessary
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
